1723 Adams StMinneapolis, MN 55413

Property Details for 1723 Adams St

Year built

1908

Construction

CONCRETE

Lot size

0.40 AC

Property size (Sq ft)

11,922 SF

Zone code

I1

Property type

Industrial properties

APN

11-029-24-43-0070

APU

1102924430070

Description

This exceptional 13,506-square-foot industrial property, located at 1723 Adams Street NE in Minneapolis, Minnesota, presents a unique investment opportunity for owner-users. The single-story building, constructed in 1908 and extensively renovated five years ago, boasts a flexible layout ideal for a variety of light industrial and office uses. The property features approximately 2,550 square feet of office space and 9,372 square feet of warehouse space on the main level, plus 1,500 square feet of renovated lower-level storage. The office area includes three dedicated offices, a reception area, a workroom, a breakroom, and a conference room. Ceiling heights range from 9 feet in the office to 20 feet in the warehouse. Significant upgrades include a new 600-amp, 208/120V three-phase electrical service, new lighting throughout, a fully wired security system for 14 cameras, and two new Bryant rooftop HVAC units. The building also features a newly installed roof and siding, with a white single-ply EPDM roof covering most of the building. Loading and unloading are facilitated by a 10' x 11' overhead door and an 8' x 8' entry door. The 0.4-acre lot provides seven on-site parking spaces, plus additional street parking and a handicapped-accessible ramp. The property is zoned for light industrial use and is situated in a stable residential area with nearby walking and biking trails. The asking price is $1,200,000, translating to $88.85 per square foot. This property is 100% occupied until November 4, 2024. The property's APN is 1102924430070.

• Alternative Use

  Use

  Valuation

  Residential

  $2,508,907

  Hospitality

  $2,298,145

  Educational

  $1,912,030

  Medical

  $1,977,788

  Retail

  $2,974,269

Location Insight

City

Minneapolis

County

Hennepin

State

Minnesota

Latitude

45.0061

Longitude

-93.2561

CBSA code

33460

CBSA name

MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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